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Insurance: Lloyd's authorizes ASR North Africa to operate as a service company in Morocco

17/03/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Lloyd's, the global insurance and reinsurance market, has authorized ASR North Africa, the regional subsidiary of Africa Specialty Risks (ASR), a group specializing in (re) insurance for emerging markets, has authorized ASR North Africa, to operate

as a service company in Morocco.

L'approbation reçu de la part de Lloyd's allows ASR North Africa, ASR's regional subsidiary, to underwrite risks in the country on behalf of Syndicat 2454 de Lloyd's, which is the first Lloyd's union dedicated to Africa. A en croire le ASR CEO, Mikir Shah, “getting Lloyd's approval as a service company is a key step for ASR's operations in Morocco, which cover North West Africa.”

This decision gives brokers in Morocco and the North West African region direct access to Lloyd's capacity, thus strengthening the specialized insurance offering in a region in full economic growth.
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